| IFOS Stock | | | CAD 1.76 0.07 4.14% |
Itafos Corp financial indicator trend analysis is infinitely more than just investigating Itafos Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Itafos Corp is a good investment. Please check the relationship between Itafos Corp Accounts Payable and its Net Debt accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itafos Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Accounts Payable vs Net Debt
Accounts Payable vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Itafos Corp Accounts Payable account and
Net Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Itafos Corp's Accounts Payable and Net Debt is 0.53. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Debt in the same time period over historical financial statements of Itafos Corp, assuming nothing else is changed. The correlation between historical values of Itafos Corp's Accounts Payable and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Itafos Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Accounts Payable i.e., Itafos Corp's Accounts Payable and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.53 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Itafos Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Itafos Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Itafos Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Itafos Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Itafos Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Itafos Corp's
Enterprise Value Over EBITDA is fairly stable compared to the past year.
Enterprise Value Multiple is likely to climb to 5.14 in 2024, whereas
Tax Provision is likely to drop slightly above 1.1
M in 2024.
Itafos Corp fundamental ratios Correlations
Click cells to compare fundamentals
Itafos Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Itafos Corp fundamental ratios Accounts
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Additional Tools for Itafos Stock Analysis
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